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In a report published Friday, Imperial Capital analyst Michael Kim initiated coverage on
Datawatch CorporationDWCH with an Outperform rating and $18.00 price target.
In the report, Imperial Capital noted, “We are initiating coverage of DWCH shares with an Outperform rating and one-year price target of $18, about 24% potential upside about the recent price. We believe DWCH could capitalize on broadening adoption of visual data discovery solutions to more easily extract insights from large and complex data sets. We think the recent pullback in the stock offers attractive risk/reward following the company's secondary offering and financial volatility.”
Datawatch Corporation closed on Thursday at $14.49.
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